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    Home»Regulation»BitMine Expands Its Investments; Bit Digital Aims for $100 Million Fundraising
    Regulation

    BitMine Expands Its Investments; Bit Digital Aims for $100 Million Fundraising

    Ethan CarterBy Ethan CarterSeptember 30, 2025No Comments3 Mins Read
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    Bit Digital, a digital asset firm, is looking to raise $100 million via a convertible senior note offering to expand its Ether treasury. BitMine Immersion Technologies has solidified its position as the largest Ether treasury company.

    In a statement on Monday, Bit Digital announced that it’s also providing an option for an additional $15 million in notes, with all net proceeds designated for further Ether (ETH) purchases, as well as general corporate purposes, including potential investments, acquisitions, and other opportunities related to digital assets.

    Currently, Bit Digital holds over 120,000 Ether, ranking as the seventh-largest Ether treasury company tracked by StrategicEtherReserve. If their fundraising is successful, they could acquire an additional 23,714 tokens, elevating their ranking to sixth, just ahead of crypto exchange Coinbase.

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    Source: Bit Digital

    BitMine extends its lead

    Simultaneously, BitMine reported on Monday an increase in its treasury holdings to 2.65 million Ether, valued at over $11 billion, expanding its lead over the second-largest holder, SharpLink Gaming, which maintains over 838,000 Ether.

    According to StrategicEtherReserve, the latest purchase date for BitMine was September 26, when they acquired 234,000 tokens as part of their long-term goal to own 5% of the total supply.